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18.06.2009, 12:14 3 comments

Latvia lacks money to assess “Soviet damage”

The Latvian commission tasked with calculating what they call “damage from occupation by the Soviet Union” has been disbanded. The government has axed it to save budget money.

30.03.2009, 09:26 1 comment

Unlucky Polish migrant workers return home

Millions of Poles left the country in search of better wages and more opportunities elsewhere after Poland joined the EU. But now a major effort is underway to bring many of them back home.

Painting by Kino Brod 02.03.2009, 18:43

Eastern Europe won’t be left without help - Giulietto Chiesa

Eastern European countries won’t be left without help in crisis times, says Member of the European Parliament Giulietto Chiesa.

Jean Sarkozy 23.04.2009, 16:36

Sarkozy’s son accepts "papa's boy" diploma

The son of French President Nicolas Sarkozy has been awarded with a "papa's boy" by the “Save the Rich” campaign activists, the AFP news agency reports.

13.05.2009, 22:46

Need cash? Ask your local priest!

The economic crisis means tough times for families. With thousands of newly unemployed Italians strapped for cash, Catholic priests have stepped in to help families meet their monthly payments.

30.04.2010, 13:37 16 comments

Debt-ridden Greeks angry at defense deal

Greece faces years of painful cuts to salaries in return for a multi-billion-dollar bailout from the International Monetary Fund and the EU. The Greek finance minister called it a “choice between collapse or salvation.”

Image from utilityweek.co.uk 18.10.2010, 09:09 4 comments

UK on verge of new crisis

Public services in Britain are facing massive cuts in their budget as the government looks to fill the huge black hole in its balance sheet.

Photo by Peter Lovegrove 18.06.2009, 21:21 1 comment

Thousands rally in Latvia to stop cuts in public services

Teachers’ wages have been halved and pensions slashed by 10%. This week’s astonishing reduction in public spending is likely to be repeated and protesters have vowed to protect the country's vital services.

07.06.2010, 09:58 5 comments

“We are looking forward to recovery” – Latvian president

Latvian President Valdis Zatlers believes that the biggest task towards stabilization of the economy and Latvian financial system is complete, but the goal to recover and get back to growth has not been achieved yet.

AFP Photo / Louisa Gouliamaki 16.04.2010, 23:19 2 comments

Greek crisis to crash Eurozone utopia?

The eurozone’s secret is that its pockets are a little dusty. It could print or borrow the cash to bail out Greece and but it knows that would not be the end of it.

Europe awaits no miracle from Obama

Published: 31 March, 2009, 09:16


AFP Photo / Nicholas Kamm

It seems Barack Obama's honeymoon with Europe is well and truly over. Following cat calls of hypocrisy and American selfishness, Obama heads to the G20 summit in London trying to find harmony amid the economic discord.

 
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